Deterministic Value
Kerosene's value in the system, not to be confused by its market value, is set deterministically by the protocol via
Where:
X: the value of a single Kerosene token deposited in a Note as backing for DYAD
C: the total USD value of all exogenous collateral in the protocol (TVL). Critically, this total does not include Kerosene itself
D: the total supply of DYAD stablecoins
K: the circulating supply of Kerosene tokens
Last updated